CIK 1854440
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Entertainment | 31.81% | 4 |
| Capital Markets | 28.45% | 2 |
| Software | 13.10% | 1 |
| Commercial Services & Supplies | 12.92% | 1 |
| Unclassified | 9.65% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 4.08% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | TPG | TPG Inc. | Financials | 16.38% |
| 2 | CRM | Salesforce, Inc. | Information Technology | 13.10% |
| 3 | FOUR | Shift4 Payments, Inc. | Industrials | 12.92% |
| 4 | TKO | TKO Group Holdings, Inc. | Communication Services | 12.23% |
| 5 | LPLA | LPL Financial Holdings Inc. | Financials | 12.07% |
| 6 | GLBE | GLOBAL E ONLINE LTD | Unclassified | 9.65% |
| 7 | WMG | Warner Music Group Corp. | Communication Services | 8.67% |
| 8 | FUN | Six Flags Entertainment Corporation/NEW | Communication Services | 6.94% |
| 9 | LINE | Lineage, Inc. | Real Estate | 4.08% |
| 10 | ACEL | Accel Entertainment, Inc. | Communication Services | 3.97% |
9/10 names classified · sector 90.4% of weight · industry 90.4% · mkt cap 81.7%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 90.4% of the book is sector-classified (unclassified names shown, never dropped).
Only 45% of book weight classified — the grid is NOT representative of the whole book.
Classified: 45.4% of book weight (5/10 names) · unclassified 54.6%: TPG, FOUR, GLBE, WMG, FUN. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | TPGTPG INC | 9,000,000 | $365M | 16.4% | ADD 83% |
| 2 | CRMSALESFORCE INC | 1,561,852 | $292M | 13.1% | ADD 25% |
| 3 | FOURSHIFT4 PMTS INC | 6,576,509 | $288M | 12.9% | ADD 18% |
| 4 | TKOTKO GROUP HOLDINGS INC | 1,350,367 | $272M | 12.2% | HOLD |
| 5 | LPLALPL FINL HLDGS INC | 893,006 | $269M | 12.1% | ADD 14% |
| 6 | GLBEGLOBAL E ONLINE LTD | 6,961,820 | $215M | 9.6% | ADD 85% |
| 7 | WMGWARNER MUSIC GROUP CORP | 7,551,884 | $193M | 8.7% | ADD 14% |
| 8 | FUNSIX FLAGS ENTERTAINMENT CORP | 8,700,000 | $154M | 6.9% | ADD 67% |
| 9 | LINELINEAGE INC | 2,769,663 | $91M | 4.1% | ADD 72% |
| 10 | ACELACCEL ENTERTAINMENT INC | 8,098,349 | $88M | 4.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| TPGTPG INC | — | — | 4.9M | 4.9M | 4.9M | 9.0M | $365M |
| CRMSALESFORCE INC | 1.0M | 1.0M | 1.0M | 1.3M | 1.3M | 1.6M | $292M |
| FOURSHIFT4 PMTS INC | 2.5M | 4.8M | 5.0M | 5.1M | 5.6M | 6.6M | $288M |
| TKOTKO GROUP HOLDINGS INC | 2.7M | 2.4M | 2.2M | 1.4M | 1.4M | 1.4M | $272M |
| LPLALPL FINL HLDGS INC | 938K | 971K | 786K | 786K | 783K | 893K | $269M |
| GLBEGLOBAL E ONLINE LTD | — | — | — | — | 3.8M | 7.0M | $215M |
| WMGWARNER MUSIC GROUP CORP | 10.4M | 12.0M | 12.0M | 12.0M | 6.7M | 7.6M | $193M |
| FUNSIX FLAGS ENTERTAINMENT CORP | 1.3M | 7.2M | 8.7M | 8.7M | 5.2M | 8.7M | $154M |
| LINELINEAGE INC | 1.5M | 3.4M | 3.5M | 5.1M | 1.6M | 2.8M | $91M |
| ACELACCEL ENTERTAINMENT INC | 8.1M | 8.1M | 8.1M | 8.1M | 8.1M | 8.1M | $88M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Where this firm's principals came from and which firms its alumni went on to found.
